Beauty portal Mazkara raises $1m from Dunamis Ventures for India foray

Mazkara FZ LLC, a Dubai-based company which operates through beauty and wellness portal Mazkara.com, has raised $1 million in seed funding from Dunamis Ventures Pte Ltd.

The startup will use the money for expanding into newer cities and hiring more people in its product team.

“Our target markets in India and the Middle East have over 40,000 beauty and wellness venues, which together receive over 144 million appointments annually. Currently, not even 2 per cent of these venues have an active online presence, and a negligible 0.2 per cent of these appointments are being booked online,” said Prasanjeet Roy, co-founder, Mazkara.

The glam-tech startup Mazkara had earlier raised $500,000 from Dubai-based investors.

Founded in March 2015 by Prasanjeet Debgupta Roy and Mohammed Ali Akmal, Mazkara helps people to discover salon and spa in their area, find the best offers and deals based on needs, budget and location. After launching in Dubai, it started operations in Pune in August 2015.

Mazkara claims to get 3,000 visitors every day, a number they say is increasing 15 per cent month-on-month.

Dunamis Ventures is a early-stage investor, focused on high growth and new markets.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.